The AES Corporation $AES Stock Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its holdings in shares of The AES Corporation (NYSE:AES) by 32.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 332,661 shares of the utilities provider’s stock after selling 159,576 shares during the period. Lmcg Investments LLC’s holdings in AES were worth $4,957,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in AES during the second quarter worth $722,429,000. HBK Investments L P purchased a new position in shares of AES in the 2nd quarter valued at $162,298,000. Bank of New York Mellon Corp bought a new position in shares of AES in the 2nd quarter worth $97,056,000. Bank of America Corp DE bought a new position in shares of AES in the 2nd quarter worth $80,584,000. Finally, Man Group plc purchased a new position in AES in the second quarter valued at about $65,159,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Stock Down 0.1%

AES stock opened at $14.96 on Thursday. The AES Corporation has a 52 week low of $13.21 and a 52 week high of $17.65. The firm has a 50 day moving average of $14.84 and a 200 day moving average of $14.69. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $10.67 billion, a PE ratio of 5.71 and a beta of 0.97.

AES (NYSE:AES) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.15. AES had a return on equity of 20.69% and a net margin of 14.30%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.11 billion. Sell-side analysts forecast that The AES Corporation will post 2.02 earnings per share for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.1759 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, October 30th. AES’s dividend payout ratio (DPR) is presently 26.72%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of AES from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Seven analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.83.

AES Profile

AES Corporation is a global energy company that develops, owns and operates power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.

The company’s portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.

Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.